#income tax act 1961
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Issuance of notice & all consequential proceedings in the name of deceased assessee are null & void

Interest reimbursement received under Technology Up-gradation Fund Scheme is capital receipt

Taxation on Non-convertible debentures (NCDs)

Cost of Goods Cannot be Included in Denominator of Profit Level Indicator when comparable are Business Auxiliary Service providers

Order passed u/s 148A(d) would remain subject to order to be ultimately passed in reassessment proceeding u/s 148

Addition u/s 40A(3) unsustainable as in liquor business strict adherence to payment via banking channel not practicable

Business profit not taxable in India in absence of Permanent Establishment

Protecting Taxpayers: Safeguarding Against Fake Income Tax Notices

Addition towards on-money receipts sustained by invoking statue presumption u/s 292C

Addition based on rough notes with corroborative evidence sustained

Legal Absurdity of Income Tax Notices Issued to Deceased Individuals

Credit for advance tax and TDS granted on upload of migration order

Addition in absence of any incriminating material found during search is unsustainable

Significance of Show Cause Notice in Income Tax Proceedings
Explore the latest income tax act 1961 updates on TaxGuru, including relevant Income-tax Act provisions, rules, notifications, circulars, judicial decisions and compliance guidance. The coverage highlights important tax positions, procedural requirements, assessments, deductions, penalties and litigation developments to help taxpayers and professionals understand the practical implications of changes in income-tax law.
